Movement Alert|CCTC Rises 3.44% in Regular Trading, MLCC Industry-Wide Price Hike Imminent Combined with Aggressive Buyback

Market Focus
Jul 29

On July 29, CCTC rose 3.44% in regular trading, trading at HK$91.65 per share, with turnover of approximately HK$5.954 million.

On the news front, Samsung Electro-Mechanics has officially notified customers of an approximately 30% price increase across all MLCC products effective August 1, with the new pricing retroactively applied to outstanding undelivered orders, signaling a strong seller's market. Meanwhile, the company spent approximately RMB 298 million on July 28 to repurchase 2.8634 million A-shares. Since initiating the buyback program on July 21, cumulative spending has significantly exceeded the initial floor of RMB 450 million, demonstrating substantial repurchase intensity.

The company previously issued a positive profit alert, forecasting H1 net profit attributable to shareholders to grow 45% to 65% year-over-year, with MLCC product volume and price gains serving as the core driver.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10